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REGISTERED NUMBER: SC293396 (Scotland)















Financial Statements for the Year Ended 30 November 2023

for

Flex Hill Ltd

Flex Hill Ltd (Registered number: SC293396)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flex Hill Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs J D Miller
J R Miller



SECRETARY: Mrs J D Miller



REGISTERED OFFICE: Bilbster Mains
Wick
Caithness
KW1 4TA



REGISTERED NUMBER: SC293396 (Scotland)



ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ



SOLICITORS: Young, Robertson & Co
29 Traill Street
Thurso
Caithness
KW14 8EG

Flex Hill Ltd (Registered number: SC293396)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 105,561 105,561

CURRENT ASSETS
Debtors 5 4,823 6,822
Cash at bank 4,390 5,033
9,213 11,855
CREDITORS
Amounts falling due within one year 6 (9,201 ) (7,903 )
NET CURRENT ASSETS 12 3,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,573

109,513

ACCRUALS AND DEFERRED INCOME (14,976 ) (16,848 )
NET ASSETS 90,597 92,665

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 90,497 92,565
SHAREHOLDERS' FUNDS 90,597 92,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Flex Hill Ltd (Registered number: SC293396)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





Mrs J D Miller - Director


Flex Hill Ltd (Registered number: SC293396)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Flex Hill Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TANGIBLE FIXED ASSETS
No depreciation is charged on freehold property. It is the company's policy to maintain it in such a condition that the value is not impaired by the passage of time.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Flex Hill Ltd (Registered number: SC293396)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 105,561
NET BOOK VALUE
At 30 November 2023 105,561
At 30 November 2022 105,561

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,823 6,822

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 829 829
Taxation and social security 8,322 6,869
Other creditors 50 205
9,201 7,903

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
J R Miller
Balance outstanding at start of year 2,062 2,590
Amounts advanced 72 2,322
Amounts repaid (2,070 ) (2,850 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 64 2,062